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(Bloomberg) -- U.S. Senator Elizabeth Warren is taking the Securities and Exchange Commission to task for allowing Steven Cohen back in the hedge fund game just months after the billionaire settled allegations that he failed to supervise a...
• Assets held in limited partnership (LP) includible in decedent’s estate—The Tax Court held for the Internal Revenue Service in Holliday v. Commissioner, T.C. Memo. 2016-51 (March 17, 2016). Sarah Holliday was the widow of Joseph...
Peter Deutsch hit it big bringing affordable Australian wine to the U.S. Then he poured a fortune into a troubled Chinese stock. And when his brokerage stood in his way, he fought back.
Seth Glickenhaus, a bond trader turned money manager whose studies of law and medicine failed to lure him away from Wall Street, his professional home for more than eight decades, has died. He was 102...
Global change will be exponential; we can expect more change to occur in the next 10 years than in the last 25 years, said Haiyan Wang, managing partner of the China India Institute, a Washington, D.C.-based research and advisory organization...
“Do yourself a favor: Go open a digital advice account,” Scott Welch, chief investment strategist at Dynasty Financial Partners, challenged advisors at IMCA’s (Investment Management Consultants Association) annual conference in Orlando, Fla., on ...
It turns out advisors are more far complacent than their clients.
As plan sponsors and retirement committees get more sophisticated, they have plenty of opportunities to change advisory relationships, according to a sponsor study done by marke...
The Department of Labor’s fiduciary rule could lead to more firms merging or getting acquired in 2016.
A new report from Fidelity Investments tracked M&A transactions in the wealth management industry in 2015 as well as the first month of 2016...